Purchasing a high rise flat in a tower block has the potential to be a tremendous opportunity to buy a property in tightly populated regions such as the likes of London and other major cities in the UK. These usually tend to be council purchase or ex–council flats. Nevertheless not all mortgage lenders are eager to lend for these properties, some even believe them to be high-risk regardless of the condition, location or number of storeys.
However we have access to specialist lenders who consider mortgage lending for High Rise Flats – often their decision will depend on a specialist valuation and may be dependant on which story the apartment is in.
But give us a call with your ideas and we’ll try our utmost to get you the mortgage you deserve!
Decades of Mortgage Broking Experience to get you the mortgage you deserve
Call us today on 01704 808286 or complete our Factfind Application for a prompt response
Westminster Chambers • 106 Lord St Southport • Merseyside PR8 1LF
You may be required to pay a broking fee. The fee will depend on your circumstances, an indication is 2.5% of the loan subject to a minimum of £2800.
The overall cost for comparison is 4.6% APR but the actual rate available will depend upon your circumstances. Please ask for a personalised illustration.
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.